The Government will be spending $900 million to further build out the security forces’ cybersecurity initiatives during fiscal year 2023/24. The money will be used to continue the procurement of software and hardware to expand the security forces’ capabilities. Details of the project are outlined in the 2023/24 Estimates of Expenditure, which were tabled in the House of Representatives on...

The Government has budgeted $360 million to continue improving Jamaica’s emergency communication system in fiscal year 2023/24. The ‘Improvement of Emergency Communication System in Jamaica’ project aims to develop a national platform to coordinate incident response among key agencies of government and volunteers. Details of the engagement are outlined in the 2023/24 Estimates of Expenditure, tabled recently in the House...

In the 2023/24 financial year, the capability of the Jamaica Defence Force (JDF) to monitor and safeguard the country’s borders will be further strengthened. The Government has allocated $3.1 billion in the 2023/24 Estimates of Expenditure to facilitate the procurement of radar, marine offshore patrol vessels, cameras, software, hardware, and other equipment. This will be done under the Purchase and...

The average annual export of Jamaica’s fresh produce industry is approximately 34.5 million kilogrammes (kg), with estimated earnings of US$78.32 million. Currently, Jamaica exports to more than 30 countries worldwide, with the United States of America (USA), Canada, the United Kingdom and Cayman Islands being the most important markets for Jamaican produce. “Yam export is a significant contributor to this...

The Government is proposing to spend a total of $1 trillion for the 2023/24 fiscal year. This is Jamaica’s first trillion-dollar Budget. Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, made the disclosure as he tabled the Estimates of Expenditure in the House of Representatives on Tuesday (February 14). Dr. Clarke said the funds are allocated...

The Development Bank of Jamaica (DBJ) on Monday, January 30, 2023, signed Agreements and awarded grants to nine (9) medium-sized Jamaican companies under its Innovation Grant Fund (IGF), a product financed by the Boosting Innovation Growth and Entrepreneurship Ecosystems (BIGEE) programme. This is in addition to three (3) innovation grants announced in 2021. Speaking at the signing ceremony, Anthony Shaw,...

Tax Administration Jamaica (TAJ) is advising that all of its operations will be closed to the public tomorrow Tuesday, February 7, 2023 at 2:00 p.m., to facilitate a general staff meeting. This meeting will involve team members of all Tax Offices and Business locations on that day. All offices will reopen on Wednesday February 8, 2023 for regular business. Tax...